Codere (XMAD:CDR) Days Inventory : 61.89 (As of Jun. 2021)

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What is Codere Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Codere's Average Total Inventories for the three months ended in Jun. 2021 was €6.7 Mil. Codere's Cost of Goods Sold for the three months ended in Jun. 2021 was €9.9 Mil. Hence, Codere's Days Inventory for the three months ended in Jun. 2021 was 61.89.

The historical rank and industry rank for Codere's Days Inventory or its related term are showing as below:

XMAD:CDR's Days Inventory is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 36.02
* Ranked among companies with meaningful Days Inventory only.

Codere's Days Inventory declined from Jun. 2020 (168.11) to Jun. 2021 (61.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. Codere's Inventory Turnover for the three months ended in Jun. 2021 was 1.47.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Codere's Inventory-to-Revenue for the three months ended in Jun. 2021 was 0.05.

Codere Days Inventory Historical Data

The historical data trend for Codere's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Codere Days Inventory Chart

Codere Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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88.22

71.06

73.10

88.67

117.74

Codere Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Days Inventory	Get a 7-Day Free Trial															168.11	139.86	87.05	88.72	61.89

Competitive Comparison of Codere's Days Inventory

For the Gambling subindustry, Codere's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Codere's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Codere's Days Inventory distribution charts can be found below:

* The bar in red indicates where Codere's Days Inventory falls into.

Codere Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Codere's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (10.731	+	7.123)	/	2 )	/	27.675	*	365
=	8.927					/	27.675	*	365
=	117.74

Codere's Days Inventory for the quarter that ended in Jun. 2021 is calculated as:

	Days Inventory (Q: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (6.885	+	6.55)	/	2 )	/	9.904	*	365 / 4
=	6.7175					/	9.904	*	365 / 4
=	61.89

Codere (XMAD:CDR) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Codere's Inventory Turnover for the three months ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.904	/	6.7175
	=	1.47

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Codere's Inventory to Revenue for the three months ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.7175	/	139.891
	=	0.05

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Codere Days Inventory Related Terms

Thank you for viewing the detailed overview of Codere's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Codere (XMAD:CDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Codere SA (XMAD:CDR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avda. de Bruselas 26, Alcobendas, ESP, 28108

Website

http://www.codere.com

Codere SA is a Spain-based gaming company. It is mainly engaged in business activities in the private gaming industry, consisting primarily of the operation of amusement and slot machines, sports betting, bingo halls, casinos, and racetracks. The company has a presence in Spain, Italy, Argentina, Brazil, Colombia, Mexico, Panama, and Uruguay.